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General Motors Says No To Bankruptcy

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General Motors Says No To Bankruptcy

Posted October 10 2008 04:12 PM by thesavagepony 
Filed under: Industry News, General Motors


General Motors has had a rough time this year along with Ford and Chrysler. However, the heart of the warrior says go on and GM refuses to quit.


GM stated that even though the rough times are hitting them hard, bankruptcy is not an option for them. They believe that bankruptcy is not the way to go as it will affect too many people.

 

"Bankruptcy would not be in the interest of our employees, stockholders, suppliers or customers, and we believe speculation about a possible filing is exaggerated and unconstructive," it said.

 

Source: cnn



 
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